anewaccount2021

What schools are open, are open at vastly reduced (zoom) hours. California isn't a highly-ranked education state, but its about to fall much further.

SF has the highest per-capita utilization of private schools in the US. Wonder why? Its not just money.

Taiwan the nation is quite valuable

Taiwan the land, not so much

Move the population to the US, grant them citizenship, let China take the land, which the US cannot defend anyway

This would also be a boon to airlines and cruise companies, providing a full year of nonstop work

We printed more money last year than we printed from 1776-2000. The dollar has already lost 99% of its purchasing power from its inception (that isn't agitprop, its a verifiable fact when measured against fixed commodities over time).

How much house can a dollar buy versus twenty years ago? If the dollar was indeed rising in value over time, a dollar would buy more house today than in 2000. Before we left the gold standard, a dollar indeed held its purchasing power over decades. The price of gold is effectively an inverse measure of the value of a dollar given that the amount of gold is basically fixed.

Rates can never rise. Americans and American corporations are too indebted with no room to finance increased debt servicing costs. The dilemma is the longer rates stay low, the more debt is piled on. Ultimately there must be a complete reset.

Interest rates are the cost to borrow money. Money isn't scarce, so its worth less, and as a result, costs less to borrow.

Devalued currencies tend not to be consistent with historical stability - they tend to arrive around the same time a society "resets".

If you lost your life savings on GME, you deserve to starve

edit: the only way you could be losing your life savings on GME is with a dumb, arrogant short position. yes, you should starve...isn't this what a short sale is anyway? A bet that someone else will starve?

Why are you working if not to earn privilege?

> The demographics (and housing prices!) in the tech hubs reflect a big influx of highly-paid developers

How? For at least the last decade, your typical developer in the Bay Area has been a renter...long since priced-out of a single-family home. Even FAANG developers are priced out of the better suburbs.

Online discussions quickly fall into the Obligatory Contrarian trap when there's little else to latch on to.

So in every one of these threads, HN is all of a sudden nostalgic for two hours a day commuting, shelling out-of-pocket for parking, eating junk food for lunch every day...

Offices cost money. This is why WFH isn't going away. Even people who are required to go into the office periodically might find themselves sharing temp space with others who use the same (reduced) space on alternating days.

As you can tell from this comment, I love WFH and will never go back....and it doesn't look like I'll have to. While the poor office dwellers are sitting in their cars, I'm enjoying a nice morning run.

Tesla will figure out panel gaps before GM can figure out OTA updates

Pick your funds wisely. No one should have their next meal dependent on a weird short position. Read the risk prospectus for your funds and take it seriously.

There is little deception. Funds that take crazy risks will say so in their prospectus. There's no chance your S&P500 index fund is taking a huge Bed Bath And Beyond short position when no one is watching.

How? The war is basically over. Hedge funds covered at a huge loss. Many WSB members have already booked huge gains.

TLDR; Slate writer runs cover for Big Blue cities by telling us everything we are seeing happen in the real world isn't actually happening and/or is wrong.

If people are willing to pay short-term cap gains instead of long, what concern is it what their time horizon is?

Once again, even HFT, chat mobs, etc won't take down a sound position...at best they can only create temporary disruptions. If someone wants to try their hand at trading those disruptions, go nuts.

If your position is sound, there is absolutely no amount of "chatter" that should cause you any concern.

If your position is easily undermined by anonymous posters on reddit...

In any case, it will only delay the inevitable. If NASDAQ halts trading on an equity, they just prolong the agony of a bad short position. How would Citron have been helped by a delay? Its a loan, the longer its open, the more you pay! So a trading halt is actually counterproductive for short hedge funds, what they really need is the quickest exit possible

ftfy!

https://www.cnbc.com/2021/01/27/hedge-fund-targeted-by-reddi...

"Melvin Capital closed out its short position in GameStop on Tuesday afternoon after taking a huge loss, the hedge fund’s manager told CNBC’s Andrew Ross Sorkin."

> This only holds true for places where there's no room to increase the staffing budget.

Amazon. Enjoy your monoculture.

Shorts have been getting slaughtered in covering rallies since the first short was allowed.

I can't believe these "professional" funds would keep short positions open on an equity with crazy-high short interest...that's like Trading-For-Dummies grade fail.

What's more amazing is many of their clients will be destroyed in the largest bubble in history, where money was given out to every idiot with a TD Ameritrade account.

Exactly! /r/wallstreetbets are also trading against each other, without mercy! Not sure why people think that sub is some sort of group trading account...

But, chances are, a lot of them will make incredible gains by betting on the misery of hedge funds who themselves bet on misery. No tears shed for the hedge funds or the account holders who are now basically zero'd out. Imagine having your life savings in one of these funds...in the biggest bubble in history, your account went to ZERO!

Read the news - what you are describing didn't happen.

Look at Melvin - they are trying to convince the market they are still solvent.

Citron closed their shorts at a huge loss.

This really is a case of "seasoned professionals" getting slaughtered on awful trades, and they didn't appear to have a safety net set up.

edit: people seem to think I am cheerleading WSB...far from it, someone there will also get slaughtered by being the last fool to walk in on a risky trade. Trading is merciless, caveat emptor!

edit2: the article above does NOT refute my claims. Melvin took a $2 billion emergency infusion from Citadel. You don't do that if you safely closed your trades without hazard. Sorry I'm going to trust Bloomberg over "nope-its-lily"

When will this meme die....we have socialism for everyone

Stimulus checks, extended UI, rent and mortgage forbearance etc etc etc. And it won't stop because it can't.

there is a benefit for the masses - Fed stimulus delivered instantly. with Fed digital currency, there will be no waiting for a stimulus deposit.

the idea of a personal "Fed" account for citizens isnt new...basically everyone talking about central bank digital currencies is describing this

the basic "innovation" is the ability to coerce the masses by threatening to destroy money if not spent in accordance with central planners....here's $5k, spend it by Friday or its gone

why would anyone be short a stock with short interest that high? you're just begging to get stomped

all the funds getting trashed are getting showed up as amateurs....by actual amateurs!

short trades are incredibly dangerous, you need a trade to go negative, but quickly before too many others also short. real, quality short opportunities are so rare that I just use a simple rule...never short.

Homeless in LA also won't freeze to death if they sleep outside in January.

This will be a kangaroo court used to blunt-force-trauma a select subset of strawmen and deplorables off of the service. In the end, does anyone really care if Twitter is "truthful"?

Can't have your cake and eat it too. If you insist on making not-Democrats extinct at the State, County and Municipal level, you should expect follow-through.

YOU voted in single party rule in CA. Frankly I'm amazed at how little they have exercised their monopoly...they have the votes to pass stuff like this by the hour.

So you follow your initial argument that the exodus is covid-driven with a list of reasons not related to covid at all. So, we agree? People who are moving are those who can afford to.

And if you knew how SF schools worked, you wouldn't have written your last sentence. You leave SF schools to escape diversity - its a lottery system.

The Enlightened Liberals Who Will Save Us From Ourselves cannot tolerate the unwashed masses living independently without big government and high taxes. This is why rural dwellers are cast in the media as knuckle dragging racists